A firm is currently producing 10 units. Its fixed costs are $100 and its variable...
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A firm is currently producing 10 units. Its fixed costs are $100 and its variable costs are $40. When it produces 11 units total cost increases to 147. From this we can deduce that the marginal cost of the 11th unit equals_____________ A.none of the above B.14.7 C 147 D.7
Question 1 A firm is currently producing 10 units. Its fixed costs are $100 and its variable costs are $40. When it produces 11 units total cost increases to 147. From this we can deduce that the marginal cost of the 11th unit equals_ A. none of the above B. 14.7 C. 147 D. 7
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